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Casella Waste Systems (CWST) Announces 2.35M Share Proposed Public Offering of Class A Common Stock

October 20, 2020 4:08 PM

Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, announced today that it has commenced a proposed underwritten public offering of 2,350,000 shares of its Class A common stock. Casella also intends to grant the underwriters of the offering an option for a period of 30 days to purchase up to an additional 352,500 shares of Class A common stock. All of the shares in the offering are to be sold by Casella.

Casella intends to use the net proceeds from the offering for general corporate purposes, including potential acquisitions or development of new operations or assets with the goal of complementing or expanding its business, working capital and capital expenditures.

Raymond James and BofA Securities will act as joint book-running managers for the offering.

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